- Square Inc SQ shareholders approved the issuance of new shares for the U.S. company's $29 billion purchase of Afterpay Ltd AFTPF AFTPY.
- The Buy-Now, Pay-Later firm's shareholders will receive 0.375 of Square class A stock for each unit held, implying a price of A$126.21 per share when the companies announced the deal in August.
- The acquisition is likely to close in Q1 of 2022.
- Related Content: Square To Acquire Buy-Now, Pay-Later Firm Afterpay In $29B Stock Transaction
- Price Action: SQ shares traded higher by 0.87% at $254.67 in the premarket session on the last check Thursday.
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